Even though the bike is only made of recycled cardboard, plastic and rubber, it can hold up to 400 pounds of weight. Thanks to a special coating, the bike is also able to withstand the elements, including fire.

While $2 million might seem like a lot to produce a cardboard bicycle, it’s the facilities required for mass production that will be the biggest cost to cover. As with many other products, once the initial investment is made, everything becomes significantly cheaper to run in the long-term.

The Indiegogo campaign is also a flexible funding campaign, which means it isn’t a make or break situation, the project can still go ahead even if it falls short of the $2 million mark.

Gafni’s original goal was to make the bikes cheaply available to people around the third-world. He’s still aiming for that goal, but if you want to get your hands on one of the first bikes, it will come at a cost. The first cardboard bicycles to come off the line will require a $290 pledge to secure, and aren’t likely to be in your possession until 2015.

Cardboard Technologies, the company behind the bike believe the same principles could be applied to other items such as wheelchairs and baby carriages.